Hubbard Clauses thwart real estate sales

New home sales will continue to be stagnate as developers struggle sell new homes to the public. Aggressive advertising, incentives and discounting seem to be attracting the new buyers but Hubbard Clause Contingences are killing the deals. Buyers are facing the same troubles as developers, they have to sell their homes first but offers on their homes also include Hubbard Clause Contingences.

According to an article in the Wall Street Journal, home sales jumped by 6.5% in December 2008. The majority of these sales were due to lower real estate prices. The current movement in this market is value price real estate. Value price real estate, which includes: Foreclosures, probates and short sales is setting a bottom for the real estate market.

The real estate market is finally finding a bottom, but don’t expect a surge in sales because there are too many negative market conditions in place that are thwarting sales.